The founder Promoters of our Company, Mr. Mahendra C. Shah and Mr.
 Champaklal K. Mehta started their business jointly in 1974. The
 flagship company of our Group, C. Mahendra Exports Limited was formed
 in 1978 in the form of a partnership firm under the name and style of
 C. Mahendra Exports, to carry on the business of manufacturing and
 trading of diamonds, precious stones and jewellery. In 1993, the firm
 began its own factory for manufacturing polished diamond in Surat and
 by 2006, it also started a manufacturing unit at  Varachha Road,
 Surat.  
  
 The constitution of the partnership firm was changed from time to
 time and in the year 2006 the partners as on that date viz. Mahendra
 C. Shah, Champaklal K. Mehta, Pravin C. Shah, Prakash K. Mehta, Kanu
 C. Shah, Suresh K. Mehta, Paras C. Mehta, Sandeep M. Shah, Samir P.
 Shah, Suken P. Shah, Kevin P. Mehta and Pravin K. Mehta agreed to
 convert the business of the firm into a private limited company under
 the name and style C. Mahendra Exports Private Limited under section
 566 of the Companies Act, 1956 for which a certificate of
 incorporation was issued  on January 4, 2007 by the Registrar of
 Companies, Maharashtra.   
  
 The partnership firm was converted into a public limited company on
 March 14, 2007 pursuant to a special resolution passed by the
 shareholders of our Company at the EGM dated January 29, 2007. A
 fresh certificate of incorporation was issued consequent upon change
 of name from C. Mahendra Exports Private Limited to C. Mahendra
 Exports Limited.  
  
 Major events and milestones  
  
 Year  Major Events 
 
 1978  Incorporated as a partnership firm under the name and style of
 ‘C. Mahendra Exports’  
 
 1989  Established C. Mahendra Exports (H.K.) Ltd., Hong Kong
 marketing office  
 
 1989  Recognised as an Export House for a period of three years ended
 March 31, 1992 
 
 1990  Established C. Mahendra Exports USA Inc. marketing office  
 
 1991  Selected as a DTC Sightholder 
 
 1992  Recognised as a Trading House for a period of three years ended
 March 31, 1999 
 
 1999  Recognised as a Star Trading House for a period of three years
 ended March 31, 2002 
 
 2003  Established Ciemme  Jewels Pvt Ltd to manufacture diamond
 jewellery in Andheri, Mumbai 
 
 2003  Established C.Mahendra  B.V.B.A. , Antwerp for procurement of
 raw material 
 
 2003  Launched  flagship diamond jewellery brand ‘Ciemme’ 
 
 2006   Established second diamond cutting and polishing factory in
 Varachha, Surat ( 100 % EOU)  Conversion into Company with the name
 C.Mahendra Exports Private Limited under Part IX,
 
 2007  Section 566 of the Companies Act, 1956. Conversion of Company
 into Public Limited Company as C. Mahendra Exports Limited.
 
 
 2011
 
 - The equity shares of  C Mahendra Exports Ltd (Scrip Code: 533304)
 are listed and admitted to dealings on the Exchange in the list of
 'B' Group Securities.
 
 -Registered Office of the Company has been shifted To Tower 'C,
 Office No. CC -6011,Bharat Diamond Bourse,Bandra Kurla Complex,Bandra
 (East)Mumbai-400 051.
 
 2012
 
 - The Board of Directors recommended 8% dividend on Equity Shares of
 Rs. 10 each and 6% dividend on 6% Redeemable Preference Shares of Rs.
 10 each.
 
 - Mr. Prabodh N. Shah has been appointed as an Additional Director
 (Independent) of the Company in the Board Meeting.